Culture eats code for breakfast: Rethinking AI strategy for banks
Success in AI isn't just about the technology. Success lies in integrating a bank’s culture, AI capabilities and business performance.
Technology
FS-ISAC releases guidance on quantum computing risks for credit card industry
FS-ISAC has released a series of papers on the challenges and threats posed by quantum computing for the payment card...
Fed reschedules ISO 20022 implementation for Fedwire
The Federal Reserve announced that it has pushed back by four months the implementation date of the ISO 20022 message...
Study finds most people can’t spot deepfakes
A recent study found that the vast majority of participants couldn’t distinguish between real content and deepfake images and video,...
ABA urges ‘same risk, same regulation’ for digital assets
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards...
FDIC’s Hill supports revision to Customer Identification Program data collection requirements
FDIC Acting Chairman Travis Hill expressed support for revisions to FinCEN’s Customer Identification Program rule to allow banks to collect...
House lawmakers propose regulatory framework for stablecoins
The House Financial Services Committee released a discussion draft of a proposed bill to establish a regulatory framework for stablecoins,...
Senators examine role of regulation in ‘debanking’
Republicans on the Senate Banking Committee blasted regulators for allegedly pressuring banks to cut off services to certain customers while...
Senators introduce bill to create stablecoin regulatory framework
The Guiding and Establishing National Innovation for U.S. Stablecoins Act would establish procedures for institutions seeking licenses to issue stablecoins.
FDIC releases documents on crypto supervision of banks
FDIC Acting Chairman Travis Hill said documents show the agency sent signals to banks that it would be extraordinarily difficult...
